• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • About KK
  • Resources
    • Income Tax Calculator
  • Freebies
  • Blog
  • Ask KK

Risk N Returns

Personal Finance and Investment Ideas

  • Email
  • Facebook
  • RSS
  • Twitter
  • Start Here
  • Current Portfolio
  • Personal Finance
  • Invest

Retirement planning is as much about self sufficiency as it is about love

September 5, 2018 By KK

By now, at least some of you should have watched this heartwarming ad from NTUC Income about “The Worst Parents in the World”.

In the ad, the groom at his own wedding dinner described how he had a “terrible” childhood, no piano lessons, no expensive tuition, no expensive overseas trips or birthday celebrations. However, he expressed his gratitude that they did it, so that they could be self reliant in retirement and not be a burden to him.

Amid all the concern over Singapore’s cost of living and the cost of raising a family here, the ad reminded us that it is possible if you live within your means. It also shined a light on the consequences insufficient retirement planning can have on your children and the society.


It also reminded me of stories Mom would tell me of growing up with Ah Gong, Ah Ma and all her brothers and sisters. Of how Ah Gong and Ah Ma was generous with their money and didn’t control it well. Of how they had to support Ah Gong and Ah Ma in their old age. Of how Mom chose to forgo an overseas scholarship as it would mean years without income for her family, and of how she chose to forgo a career fast track so that she could spend more time raising my brother and I.

Lastly, it reminded me of how blessed I am to have grown up in a middle class family without worry or care, with my parents having the foresight to have sufficient funds to retire without having to rely on me. In the process, I am allowed the freedom to choose any career path that I fancy.

Don’t plan for retirement only because its about being self sufficient, do it because of the love of your family.

Thanks Mom & Dad.

Happy Hunting,
KK

If you love the articles I write, like my Facebook Page or follow my blog and never miss another article!


Related

Filed Under: Musings Tagged With: Retirement


Primary Sidebar

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 338 other subscribers

Search my site

Top Posts & Pages

  • Investment Quadrant 3.0 by The Fifth Person - Course Review
    Investment Quadrant 3.0 by The Fifth Person - Course Review
  • My Guide to the CPF Investment Scheme (CPFIS)
    My Guide to the CPF Investment Scheme (CPFIS)
  • Singapore Savings Bonds (SSBs) - July 2019 Issue
    Singapore Savings Bonds (SSBs) - July 2019 Issue

Archives

  • January 2022 (1)
  • November 2021 (1)
  • October 2021 (1)
  • September 2021 (1)
  • August 2021 (1)
  • July 2021 (1)
  • June 2021 (1)
  • May 2021 (1)
  • March 2021 (1)
  • February 2021 (2)
  • January 2021 (2)
  • December 2020 (2)
  • November 2020 (1)
  • October 2020 (1)
  • September 2020 (1)
  • August 2020 (3)
  • July 2020 (3)
  • June 2020 (1)
  • May 2020 (2)
  • April 2020 (2)
  • March 2020 (1)
  • February 2020 (7)
  • January 2020 (4)
  • December 2019 (4)
  • November 2019 (4)
  • October 2019 (2)
  • September 2019 (3)
  • August 2019 (7)
  • July 2019 (7)
  • June 2019 (8)
  • May 2019 (7)
  • April 2019 (8)
  • March 2019 (12)
  • February 2019 (8)
  • January 2019 (4)
  • December 2018 (4)
  • October 2018 (4)
  • September 2018 (6)
  • August 2018 (6)
  • July 2018 (3)
  • June 2018 (6)
  • May 2018 (4)
  • April 2018 (6)
  • March 2018 (9)
  • February 2018 (6)
  • January 2018 (10)
  • December 2017 (7)
  • November 2017 (2)
  • October 2017 (1)
  • September 2017 (3)




Copyright © 2023 | Risk N Returns